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010   $a9786613824523
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100   $a20020129d2006      uf             0
101 0 $aeng
135   $aur|n|---|||||
181   $ctxt
182   $cc
183   $acr
200 12$aA VAR Analysis of Kenya?s Monetary Policy Transmission Mechanism : $eHow Does the Central Bank?s REPO Rate Affect the Economy? /$fKevin Cheng
210  1$aWashington, D.C. :$cInternational Monetary Fund,$d2006.
215   $a1 online resource (29 p.)
225 1 $aIMF Working Papers
300   $aDescription based upon print version of record.
311   $a1-4518-6560-0 
327   $a""Contents""; ""I. INTRODUCTION""; ""II. THE MODEL""; ""III. THE POLICY PROBLEM""; ""IV. CONCLUSIONS""; ""REFERENCES""
330 3 $aThis paper examines the impact of a monetary policy shock on output, prices, and the nominal effective exchange rate for Kenya using data during 1997?2005. Based on techniques commonly used in the vector autoregression literature, the main results suggest that an exogenous increase in the short-term interest rate tends to be followed by a decline in prices and appreciation in the nominal exchange rate, but has insignificant impact on output. Moreover, the paper finds that variations in the short-term interest rate account for significant fluctuations in the nominal exchange rate and prices, while accounting little for output fluctuations.
410  0$aIMF Working Papers; Working Paper ;$vNo. 2006/300
606   $aElectronic books. -- local
606   $aMonetary policy -- Kenya -- Econometric models
606   $aMoney supply -- Kenya
606   $aBanks and Banking$2imf
606   $aEconometrics$2imf
606   $aForeign Exchange$2imf
606   $aMoney and Monetary Policy$2imf
606   $aInterest Rates: Determination, Term Structure, and Effects$2imf
606   $aMonetary Policy$2imf
606   $aTime-Series Models$2imf
606   $aDynamic Quantile Regressions$2imf
606   $aDynamic Treatment Effect Models$2imf
606   $aDiffusion Processes$2imf
606   $aMonetary Policy, Central Banking, and the Supply of Money and Credit: General$2imf
606   $aFinance$2imf
606   $aMonetary economics$2imf
606   $aCurrency$2imf
606   $aForeign exchange$2imf
606   $aEconometrics & economic statistics$2imf
606   $aShort term interest rates$2imf
606   $aNominal effective exchange rate$2imf
606   $aMonetary transmission mechanism$2imf
606   $aVector autoregression$2imf
606   $aMonetary base$2imf
606   $aInterest rates$2imf
606   $aMonetary policy$2imf
606   $aMoney supply$2imf
607   $aKenya$2imf
615  4$aElectronic books. -- local.
615  4$aMonetary policy -- Kenya -- Econometric models.
615  4$aMoney supply -- Kenya.
615  7$aBanks and Banking
615  7$aEconometrics
615  7$aForeign Exchange
615  7$aMoney and Monetary Policy
615  7$aInterest Rates: Determination, Term Structure, and Effects
615  7$aMonetary Policy
615  7$aTime-Series Models
615  7$aDynamic Quantile Regressions
615  7$aDynamic Treatment Effect Models
615  7$aDiffusion Processes
615  7$aMonetary Policy, Central Banking, and the Supply of Money and Credit: General
615  7$aFinance
615  7$aMonetary economics
615  7$aCurrency
615  7$aForeign exchange
615  7$aEconometrics & economic statistics
615  7$aShort term interest rates
615  7$aNominal effective exchange rate
615  7$aMonetary transmission mechanism
615  7$aVector autoregression
615  7$aMonetary base
615  7$aInterest rates
615  7$aMonetary policy
615  7$aMoney supply
700   $aCheng$b Kevin$01546592
801  0$bDcWaIMF
906   $aBOOK
912   $a9910788416003321
996   $aA VAR Analysis of Kenya?s Monetary Policy Transmission Mechanism$93802296
997   $aUNINA